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Theoretical Alternatives For The Romanian Management By Virgil Madgearu

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  • Ion VOROVENCI

Abstract

Any approach to the study of the Romanian economy in the first half of the twentieth century cannot achieve success without studying the work of Virgil Madgearu. There is no economic field that he was not concerned about it.Back in the country, after graduating in Germany, Virgil Madgearu remain adiscipleto his mentor, Karl Bucher, professor at the University of Leipzig. The economic situation of a country has a historical background, knows several periods, progress or regress, with determination and favorable circumstances or events which actually define the difficult road that materializes in realities of the present. Nothing can go beyond the established history of internal or external factors. Virgil Madgearu in most of his studies, is convinced that nothing can be achieved without adequate analysis and without knowing the economic evolution.The efficiency and success of a business are determined by several factors: accumulation, quality of work, economic circumstances, leadership, and not least, assumption by the state the policies which he elaborates. As a politician, Virgil Madgearu was concerned about finding solutions adapted to the realities of Romania, considering that agriculture is the most important factor, seconded by the industry. Also he appreciates the importance and role of cooperatives, banks, the autonomous administrations of the state and suggests the reorganization for the latter on a commercial basis etc.

Suggested Citation

  • Ion VOROVENCI, 2015. "Theoretical Alternatives For The Romanian Management By Virgil Madgearu," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 295-300, November.
  • Handle: RePEc:rom:mancon:v:9:y:2015:i:1:p:295-300
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